ENGECO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ENGECO
Largest movements
- Receivables within one year -€28,139
down €28,139 (-27.5%), from €102,461 to €74,322
of which Trade receivables: -€27,470
- Cash +€22,495
up €22,495 (+45.7%), from €49,203 to €71,698
mainly Receivables within one year (+€28,139) and Depreciation (+€9,703)
- Tangible fixed assets -€9,703
down €9,703 (-66.1%), from €14,674 to €4,971
of which Furniture and vehicles: -€8,690
- Trade debts -€12,596
down €12,596 (-95.2%), from €13,236 to €640
- Tax, wage and social debts -€6,827
down €6,827 (-68.0%), from €10,036 to €3,209
- Profit (loss) carried forward +€3,542
up €3,542 (+10.6%), from €33,437 to €36,979
- Gross operating margin +€7,880
up €7,880 (+109.5%), from €7,195 to €15,075
- Financial charges +€1,348
up €1,348 (+177.4%), from €760 to €2,108
of which Non-recurring financial charges: +€899
- Other operating charges +€666
up €666 (+42.3%), from €1,575 to €2,241
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €167,911 | €152,030 | -€15,881 | -9.5% |
| Fixed assets | 21/28 | €14,779 | €5,077 | -€9,702 | -65.7% |
| Tangible fixed assets | 22/27 | €14,674 | €4,971 | -€9,703 | -66.1% |
| Plant, machinery and equipment | 23 | €2,045 | €1,032 | -€1,013 | -49.5% |
| Furniture and vehicles | 24 | €12,629 | €3,939 | -€8,690 | -68.8% |
| Financial fixed assets | 28 | €105 | €105 | +€0 | +0.3% |
| Current assets | 29/58 | €153,132 | €146,954 | -€6,178 | -4.0% |
| Amounts receivable within one year | 40/41 | €102,461 | €74,322 | -€28,139 | -27.5% |
| Trade receivables | 40 | €40,223 | €12,753 | -€27,470 | -68.3% |
| Other amounts receivable | 41 | €62,238 | €61,569 | -€669 | -1.1% |
| Cash at bank and in hand | 54/58 | €49,203 | €71,698 | +€22,495 | +45.7% |
| Deferred charges and accrued income | 490/1 | €1,468 | €934 | -€534 | -36.4% |
| Total equity and liabilities | 10/49 | €167,911 | €152,030 | -€15,881 | -9.5% |
| Equity | 10/15 | €144,639 | €148,182 | +€3,543 | +2.4% |
| Contributions | 10/11 | €51,359 | €51,359 | +€0 | 0.0% |
| Reserves | 13 | €59,843 | €59,843 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €4,343 | €4,343 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €4,343 | €4,343 | +€0 | 0.0% |
| Distributable reserves | 133 | €55,500 | €55,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,437 | €36,979 | +€3,542 | +10.6% |
| Amounts payable | 17/49 | €23,272 | €3,848 | -€19,424 | -83.5% |
| Amounts payable within one year | 42/48 | €23,272 | €3,848 | -€19,424 | -83.5% |
| Trade debts | 44 | €13,236 | €640 | -€12,596 | -95.2% |
| Suppliers | 440/4 | €13,236 | €640 | -€12,596 | -95.2% |
| Taxes, remuneration and social security | 45 | €10,036 | €3,209 | -€6,827 | -68.0% |
| Taxes | 450/3 | €10,036 | €3,209 | -€6,827 | -68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,790 | €9,703 | -€87 | -0.9% |
| Other operating charges | 640/8 | €1,575 | €2,241 | +€666 | +42.3% |
| Gross operating margin | 9900 | €7,195 | €15,075 | +€7,880 | +109.5% |
| Operating profit (loss) | 9901 | -€4,170 | €3,132 | +€7,302 | |
| Financial income | 75/76B | €3,245 | €3,327 | +€82 | +2.5% |
| Recurring financial income | 75 | €3,245 | €3,327 | +€82 | +2.5% |
| Financial charges | 65/66B | €760 | €2,108 | +€1,348 | +177.4% |
| Recurring financial charges | 65 | €760 | €1,209 | +€449 | +59.1% |
| Non-recurring financial charges | 66B | - | €899 | +€899 | |
| Profit (loss) for the period before taxes | 9903 | -€1,685 | €4,351 | +€6,036 | |
| Income taxes | 67/77 | €723 | €808 | +€85 | +11.8% |
| Profit (loss) for the period | 9904 | -€2,408 | €3,543 | +€5,951 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,408 | €3,543 | +€5,951 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.